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E-commerce: Amazon Testing Its Own Parcel Delivery Network

Amazon is in the process of testing its own delivery network to help complete the last stage of delivery in a package’s trip from factory to buyer, the Wall Street Journal reports. The e-commerce giant is using Candlestick Park in SF, as well as facilities in Los Angeles and New York, as bases of operation for Amazon trucks and contracted ... Read More »

Alibaba Group Revenues in 4th Quarter Up 66%

Alibaba Group reported net profit in the quarter of US$1.4 billion, up from US$642 million from the same quarter in the previous year.   Revenues in the period grew 66% compared with the same quarter in 2012, amounting to US$3.1 billion. The company attributed the 11th November online shopping festival as a key driver of growth, during which Tmall.com and Taobao.com, ... Read More »

Alibaba to Acquire AutoNavi

Reuters reports that Chinese digital mapping and navigation firm AutoNavi Holdings Ltd (AutoNavi Holdings Ltd (ADR) agreed to be acquired by Alibaba Group Holding Ltd in a deal valuing the company at about $1.5 billion. AutoNavi said the company’s shareholders will receive $5.25 per ordinary share, or $21 per American Depositary Share. The offer represents a premium of 4.7 percent to ... Read More »

China Tech Giants Choose US for ‘World’s Biggest IPO’

The Chinese e-commerce giant Alibaba has said it will float in the US to raise up to $15bn, while China’s twitter-like service Weibo is expecting a $500m listing in New York. The world’s biggest online retailer Alibaba abandoned plans for an offering in Hong Kong, after talks with regulators failed.  It is unknown whether it will choose the New York ... Read More »

Alibaba Invests US$692 million in Department Store Operator Intime

Alibaba and Intime announced that they have partnered each other to beef up the online shopping experience on Alibaba by connecting to Intime’s physical stores and membership system.  To this extent, Alibaba has agreed to invest about $692 million in Intime.  This will essentially give Alibaba a presence in the physical world.  At the end of 2013, Intime operated 36 stores, ... Read More »

BIIA Member Panjiva in the News

Panjivas’s Josh Green Named a “Pro to Know” for Commitment to Supply Chain Transparency Josh Green, Co-founder and CEO of Panjiva was recently named a “Pro to Know” by Supply & Demand Chain Executive for his contributions in bringing transparency to the global supply chain. Supply & Demand Chain Executive recognized Josh and the entire Panjiva team for pushing the boundaries of how ... Read More »

HC International’s revenue up 53% in 2013

Hong Kong-listed HC International revenues in the year were US$138 million, up 53% from 2012.  Net income for the year was US$25 million – a jump of 132% over the previous year.  Dilute earnings per share in 2013 were RMB 0.2489 (US$0.041). HC’s largest business segment, online services, generated 83% of total revenues which amounted to US$115 million. This represents ... Read More »

Messaging Service Tango Secures $280 million from Alibaba

Tango netted $215 million from Alibaba with the additional $65 million from some of its prior investors which include Access Industries, Draper Fisher Jurvetson, Qualcomm Ventures, Toms Capital, Translink Capital, as well as Bill Tai, Shimon Weintraub, Jerry Yang, Alex Zubillaga and others. The Alibaba investment secured the Chinese company a minority stake in Tango and a seat on the ... Read More »

Tencent to Take Stake in JD.com to Challenge Alibaba

Tencent has agreed to pay $214.7 million for a 15 percent stake in JD.com, the companies announce late Sunday. JD.com is China’s second-largest e-commerce company behind Alibaba, which controls nearly 80 percent of China’s internet shopping market. As part of the deal, Tencent agreed to buy an additional 5 percent stake in JD.com after it completes a planned $1.5 billion ... Read More »

Alibaba to Seek US listing

Ecommerce Group Alibaba announced that it would pursue an initial public offering in the US, publicly confirming that Hong Kong has lost out on what is expected to rank as one of the world’s largest IPOs. Alibaba had initially sought to list in Hong Kong but fell foul of the city’s listing rules due to the desire of senior management to ... Read More »

Alibaba: Yu’e Bao – ‘Leftover Treasure’ Money Market Fund Soars

Alibaba launched its Yu’e Bao money market fund nine month ago and investors are rushing to invest their ‘leftover treasures’ topping 81 million active trading accounts by the end of February. Senior Chinese financial officials told the Financial Times that the fund had accumulated at least Rmb500bn ($81bn) in deposits by the second week of March, making it the fourth ... Read More »

Alibaba Buys Majority Stake in ChinaVision

Alibaba has paid more than $800m for a majority stake in Hong Kong-listed ChinaVision Media Group. The ChinaVision deal will address what analysts say is Alibaba’s competitive disadvantage in video entertainment, where it lags behind both Baidu and Tencent. China’s online video scene is already the biggest in the world, with more than 400m viewers and hundreds of millions more ... Read More »

Postal Delivery: Shape of Things to Come – Parcel Delivery by Drone

PostalVision 2020/4.0 continues its thought leadership on April 10 – 11 at the Westin Hotel in Washington DC City Center. The two day conference will focus on Delivery Solutions and Digital Directions that will shape an industry for years to come. On the agenda a rather futuristic view of postal delivery by Drone.  “Pathways to a New Postal Paradigm” will include ... Read More »

Alibaba to Establish E-commerce Association in Taiwan

The Alibaba Group, will establish an e-commerce network association in Taiwan to help local small- and medium-sized companies to trade more effectively in the global market. After opening its office in Taiwan in 2008, Alibaba has been assisting local companies to make better use of the Internet in their trading activities. The company also aims to Taiwanese SMEs to promote ... Read More »

Alibaba Invests in English-learning Service TutorGroup

Alibaba has made an investment in TutorGroup, an online education platform and one of the largest English-language learning institution in the world.  Alibaba says it has teammed up with Singapore’s state investment firm Temasek and Qiming Venture Partners to invest nearly 100 million U.S. dollars in TutorGroup.   Alibaba has not revealed the details of the deal.  TutorGroup says it plans ... Read More »